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CVM Solutions Wins Prestigious Entergy eProcurement Award

Chicago, IL, August 18, 2005--CVM Solutions, the nation's leading supplier management and supplier diversity solutions provider has won the Entergy Services e-Procurement Leadership Award. The award, which was presented at the annual Entergy Supplier Conference, allowed primary suppliers of Entergy the opportunity to meet with the Entergy leadership team and discuss market and industry trends and current Entergy initiatives.

"This is a huge honor for CVM Solutions," says Rajesh Voddiraju, President of CVM Solutions. "The services that we are providing to Entergy are groundbreaking in the sense we are allowing them the ability to completely manage their supplier network.”

Entergy has long been recognized as a business that works with the people whom they serve. In 1987, the company became the first electric utility holding company in the nation to commit to the National Association for the Advancement of Colored People's Fair Share Principles. Since that time, Entergy has logged more than $500 million with minority and women suppliers who provide a wide range of goods and services.

As with any major corporation, Entergy utilizes a wide range of goods and services from external sources. Their suppliers provide everything from office supplies to electrical components to construction. Entergy is aware, however, that impending deregulation in the electric utility industry will mean increased competition and a demand for more leveraged purchasing, thus creating more sub-contracting and second-tier opportunities. This makes their Supplier Diversity Program an essential element of the company's continued success.

ABOUT CVM SOLUTIONS

CVM Solutions combines best of breed supplier data and a world class technology platform for supplier management and supplier diversity. More than 150 of the Fortune 1000 have selected the CVMAdvantage™. CVM Solution suite includes spend reporting and analysis, supplier registration and qualification, 2nd Tier reporting, supplier data classification, and access to the most comprehensive database of suppliers in the world.

For more information, contact CVM Solutions at 630.629.5800 or via the web at www.cvmsolutions.com.

ABOUT ENTERGY CORPORATION

Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations which owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. The company delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas and has annual revenues of more than $10 billion and approximately 14,000 employees.

For media information, please contact:

Lisa Spathis
630.629.5800 (office)
lspathis@comcast.net

 

 

 
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